I have a friend who is being forced into phased retirement – which is kind of a slow-motion retirement. He has reduced working hours and pay. Although he may be able to draw a portion of his retirement funds early, he is quite depressed about it. For one thing, he feels he has more worth as an employee since he wasn’t fired or made to fully retire.
Retirement is about the strategic endurance of personal savings and finances throughout retirement. Strategic financial calculations and planning must be undertaken to ensure that senior citizens don’t have to worry about any standard of livings or medical cost while retired. The failure to appreciate such considerations early in life is why terms such as, “semi-retired,” and “working retired,” exist. The
Nowadays, we're faced with a number of retirement challenges, with only a select demographic of elderly people able to retire comfortably, solvent, and never having to work again. The standards of living, the economic realities of business, and stagnant working-class wages mean that many workers may never get to retire. Retirement Challenges Over 40% of all people who expect to
New Study Shows More Retirees Unable to Stay Solvent Bankruptcy is a painful process at any point in life, but it’s especially excruciating when you are at or near retirement age. There’s no time to recover and build retirement income.
Are retirement savings a priority for you? If not, why aren’t they?
How’s your 401(k) or IRA doing? A typical 401(k) plan returns from 5% to 8% based on a portfolio of 60% stocks and 40% bonds and other conservative investments. If your retirement plan is not meeting expectations, you may be tempted by the high returns of cryptocurrencies like Bitcoin – but should you be wary of incorporating cryptocurrency into your account?